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American Capital Mortgage Investment Slips To Loss In Q1 - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

American Capital Mortgage Investment Corp. (MTGE) reported net loss for the first-quarter of $26.56 million, or $0.56 per share, compared to net income of $21.32 million or $1.82 per share in the first-quarter ended March 31, 2012. The latest quarter results echoed a $78.8 million, or $1.66 per share in net unrealized losses on agency securities.

On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share for the current quarter.

Net interest income for the latest-quarter was $43.53 million, compared to $14.93 million in the prior quarter. However, the company reported a total other loss for the current-quarter of $63.7 million, compared to gains $8.5 million in the year-ago quarter.

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